Our urgency to address the key considerations of ESG issues — how our company manages our environmental footprint, values the safety of our people and impacts communities large and small — is core to our operations and our shared values.
Cheniere is a young company. Our commercial liquefaction operations only started in 2016, when we became the first company to initiate large-scale exports of U.S. liquefied natural gas, or LNG. Our employee tenure at Cheniere averages approximately 3.5 years of service. And we have big plans.
We’ve created impact around the world, beginning with our first cargo. We’ve provided dozens of countries access to clean, secure and affordable energy from the United States. We’ve upended the previous prescriptive paradigm of LNG deliveries, replacing it with destination-free cargoes providing both transparency and liquidity on pricing around the globe. We’ve given countries a source of energy that increases their security and options, and reduces pollution from their dependence on oil and coal. In fact, each LNG cargo that leaves our terminals, depending on its destination, could result in a displacement of about 140,000-200,000 metric tons of greenhouse gas (GHG) emissions generated by a coal plant.
As young as we are, we have made sustainability a priority. As a first mover and industry leader, as an important component of the U.S. and global energy system, and as a company that provides a cleaner source of energy to millions of people at a time when environmental and social issues are more urgent than ever, we already have a track record for change. Our urgency to address the key considerations of environmental, social and governance (ESG) issues — how our company manages our environmental footprint, values the safety of our people and interacts with and impacts communities large and small — is core to our operations and our shared values.
Indeed, the arrival of COVID-19 and its social and economic impacts reinforces the need to address ESG issues, as it relates to the safety of our workers, our relationships with our communities and our place in a connected, changing global energy system. The LNG facilities and associated infrastructure we have built have created or supported tens of thousands of domestic jobs and represents more than $30 billion invested in American energy. Our diverse, engaged and inclusive workforce strengthens our mission. And to date, we have contributed thousands of volunteer hours and we have donated millions to charities and communities.
The LNG we produce is an important and competitive alternative to more environmentally damaging sources of energy like coal and oil. Along with reductions in carbon emissions when compared to the use of higher-emitting fossil fuels, our LNG emits significantly less air pollution, helping provide cleaner air in cities around the world.
And finally, as the largest domestic producer of LNG, we are positioning ourselves to meet a global demand with less environmental impact by engaging our natural gas suppliers on methane emissions management and advancing science, so that a cargo of LNG from Cheniere will meet high ESG performance standards.
We’re proud of what we do and what we detail in this inaugural report, but it is just the first step. We will continue to look for ways to create positive impacts on our communities, our economy and our environment, and welcome feedback on how we can improve our efforts. Thank you for your investment in Cheniere and your interest in our commitment to a sustainable future.
Jack A. Fusco
President and Chief Executive Officer